The Best Mortgage Lenders in Garibaldi, OR
Compare verified mortgage lenders serving Garibaldi, Oregon. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Garibaldi
Featured Mortgage Lenders
Tillamook County Insurance & Financial Services
Tillamook County Insurance & Financial Services
As the premier mortgage provider in Tillamook County, this locally-owned financial services company has been serving Garibaldi and the entire North Coast region for over two decades. They specialize in coastal property financing and understand the unique needs of Oregon's coastal communities. With exceptional customer service ratings and deep local market knowledge, they offer personalized mortgage solutions with competitive rates. Their team has extensive experience with both primary residences and vacation properties common in the Garibaldi area.
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Scott Shepard
Guild Mortgage Company
Guild Mortgage is a nationally recognized lender with strong Oregon presence, and Scott Shepard's team consistently receives top ratings for serving coastal communities including Garibaldi. They offer extensive experience with coastal property financing and understand the specific requirements of Tillamook County. With competitive rates and a wide variety of loan programs, they're particularly skilled at navigating the unique aspects of Oregon coastal real estate transactions.
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OnPoint Community Credit Union
OnPoint Community Credit Union
As Oregon's largest credit union, OnPoint has been serving members throughout the state including Garibaldi for over eight decades. They offer highly competitive mortgage rates and exceptional member service. Their mortgage specialists have extensive experience with properties throughout Oregon's coastal regions and understand the specific market dynamics of Tillamook County. With a strong commitment to community development and local lending, they provide personalized service and financial education to help borrowers make informed decisions.
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Frequently Asked Questions
Common questions about mortgage lending in Garibaldi, OR
Are there any special mortgage considerations for buying a home in Garibaldi, given its coastal location and flood zones?
Yes, due to Garibaldi's location in a coastal floodplain, many lenders will require a separate flood insurance policy as a condition of your mortgage. This is a mandatory, ongoing cost beyond standard homeowners insurance. It's crucial to work with a local lender familiar with FEMA flood maps in Tillamook County to understand the specific requirements and costs for your desired property.
What types of properties are most common in Garibaldi, and how does that affect loan options?
Garibaldi's housing stock includes a mix of older, historic homes, newer constructions, and manufactured homes. Financing for older homes may require specific inspections, while loans for manufactured homes must meet HUD title and foundation requirements. Conventional, FHA, and VA loans are all available, but the property type will significantly influence which loan program is the best fit and what repairs might be mandated by an appraisal.
Are there any local or state down payment assistance programs accessible to homebuyers in Garibaldi?
Yes, Garibaldi buyers can access statewide Oregon programs. The Oregon Bond Residential Loan Program (with Oregon Cash Advantage) offers below-market interest rates and down payment assistance for first-time and repeat buyers meeting income and purchase price limits. The City of Garibaldi itself does not have a unique program, so working with a lender approved for these state programs is key.
How do mortgage rates and fees in Garibaldi compare to the larger Portland metro area?
While base interest rates are set nationally, local lender competition can affect rates and fees. In a smaller market like Garibaldi, you may have fewer local brick-and-mortar lenders to choose from compared to a major city. It's wise to shop rates with both local credit unions (like Trailhead Credit Union, which serves the area) and regional/national lenders to ensure you're getting a competitive offer for the North Coast.
What should I know about the appraisal process for a Garibaldi home, given the unique market?
Appraisals in Garibaldi can be challenging due to the limited number of recent, comparable home sales ("comps") in this small city. An appraiser may need to look at sales in nearby towns like Rockaway Beach or Tillamook, adjusting for location. This can sometimes affect the appraised value, so it's important for buyers and sellers to have realistic expectations based on the unique, low-inventory coastal market.
Nearby Cities
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Why Choose a Mortgage Lender in Garibaldi?
Local Market Knowledge
Lenders who understand Garibaldi's housing market can offer better guidance and competitive rates.
Multiple Loan Options
Access to conventional, FHA, VA, USDA, and jumbo loans tailored to your financial situation.
Proven Track Record
Work with lenders who have years of experience and hundreds of satisfied customers in Oregon.
Ready to Find Your Perfect Mortgage Lender?
Connect with top-rated mortgage professionals in Garibaldi and get competitive rates on your home loan.